Investors sold shares of FedEx Corp. (NYSE:FDX) on strength during trading on Friday. $49.86 million flowed into the stock on the tick-up and $65.65 million flowed out of the stock on the tick-down, for a money net flow of $15.79 million out of the stock. Of all stocks tracked, FedEx Corp. had the 0th highest net out-flow for the day. FedEx Corp. traded up $1.44 for the day and closed at $168.63

Several brokerages have commented on FDX. Cowen and Company reissued a “buy” rating and set a $180.00 target price on shares of FedEx Corp. in a research note on Saturday, June 18th. Stifel Nicolaus reissued a “buy” rating and set a $179.00 target price (up previously from $178.00) on shares of FedEx Corp. in a research note on Wednesday, June 22nd. Morgan Stanley reissued a “hold” rating on shares of FedEx Corp. in a research note on Monday, June 6th. Vetr raised FedEx Corp. from a “buy” rating to a “strong-buy” rating and set a $179.94 target price for the company in a research note on Tuesday, August 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of FedEx Corp. in a research note on Thursday, May 19th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. FedEx Corp. presently has an average rating of “Buy” and a consensus target price of $174.75.

The company has a market capitalization of $44.78 billion and a price-to-earnings ratio of 25.90. The company’s 50 day moving average price is $161.00 and its 200-day moving average price is $156.19.

FedEx Corp. (NYSE:FDX) last released its earnings results on Tuesday, June 21st. The shipping service provider reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. The company earned $12.98 billion during the quarter. During the same quarter last year, the business earned $2.66 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that FedEx Corp. will post $11.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.95%.

In other news, EVP Alan B. Graf, Jr. sold 7,400 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $159.43, for a total value of $1,179,782.00. Following the completion of the transaction, the executive vice president now owns 150,665 shares in the company, valued at $24,020,520.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 5,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $164.51, for a total value of $822,550.00. Following the completion of the transaction, the executive vice president now owns 53,399 shares of the company’s stock, valued at approximately $8,784,669.49. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in FedEx Corp. by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 894,063 shares of the shipping service provider’s stock valued at $133,207,000 after buying an additional 28,003 shares in the last quarter. RS Investment Management Co. LLC boosted its position in FedEx Corp. by 44.8% in the fourth quarter. RS Investment Management Co. LLC now owns 33,690 shares of the shipping service provider’s stock valued at $5,019,000 after buying an additional 10,430 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in FedEx Corp. by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,966,459 shares of the shipping service provider’s stock valued at $292,984,000 after buying an additional 29,623 shares in the last quarter. Cedar Hill Associates LLC boosted its position in FedEx Corp. by 5.1% in the fourth quarter. Cedar Hill Associates LLC now owns 93,550 shares of the shipping service provider’s stock valued at $13,938,000 after buying an additional 4,566 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in FedEx Corp. by 53.4% in the fourth quarter. Stephens Inc. AR now owns 22,909 shares of the shipping service provider’s stock valued at $3,413,000 after buying an additional 7,972 shares in the last quarter.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight.

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